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Too big to fail “stone age” thinking: Munich
26 February 2010
Nikolaus von Bomhard, CEO of Munich Re, has lambasted the argument that insurance companies can be labelled as “too big to fail” based on sized alone.
Nikolaus von Bomhard, CEO of Munich Re, has lambasted the argument that insurance companies can be labelled as “too big to fail” based on sized alone.
Speaking at the launch of The Geneva Association Special Report on Systemic Risk in Insurance in London earlier today, Von Bomhard said the idea that insurance companies could be viewed as systemically important on size alone was “deplorable”.
“If you look at size alone in insurance it will put as back to the stone age,” Von Bomhard said at the launch, where he was joined by Stefan Lippe, CEO of...
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